FX Intervention in the New Keynesian Model /
We develop an open economy New Keynesian Model with foreign exchange intervention in the presence of a financial accelerator mechanism. We obtain closed-form solutions for the optimal interest rate policy and FX intervention under discretionary policy, in the face of shocks to risk appetite in inter...
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| Otros Autores: | , |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2017/207 |
| Acceso en línea: | Full text available on IMF |